Russ appears to have answered your direct questions and I agree with his responses.
However, a couple of other things you may want to think about..
1) If you are taking a defined pension from your employer and plan to get another full time job, would it be wise to start taking withdrawals from your 401K and IRA.....it will all be taxable. Your goal should be to keep your contributions and apreciation in your tax deffered accounts as long as possible before you have to make withdrawals...Over time, You will hopefully have a larger base of growing funds to work with and although you may not be making additional contributions, all appreciation would be tax deferred until withdrawal.
2) Bigger picture .....you should start planning now for when you are required to make withdrawals from tax deffered accounts and have to determine your Minimun Required Distribution (MRD). It would be best to start putting all the tax deffered assets under one umbrerlla such as an IRA because it offeres you most control and flexibility. ie transfer funds accumulated over they years in 401K, 403B, and 457 plans into one IRA.
3) are you planning you maintain Chicago or IL as your state of residence or move to TV?? Although state and local taxes should never be the reason to move certain cities and state tax policies have a big impact on your retirement income..ie NY or specifically NYC. If you are uncertain, that another reason to hold off as long as you can until you start taking withdrawls.
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